Ross Stores Announces Leadership Changes

By Tamara Parker • Wednesday, September 11 06:09 • Permanent Link

Ross Stores, Inc. has announced significant leadership changes in its merchandising division, with Karen Fleming being promoted to President and Chief Merchandising Officer of Ross Dress for Less, and Karen Sykes being promoted to President and Chief Merchandising Officer of dd's DISCOUNTS. These changes are effective December 1, 2024.

Karen Fleming, the current President and Chief Merchandising Officer of dd's DISCOUNTS, will take on the role of overseeing the merchandising responsibilities at Ross Dress for Less. Meanwhile, Karen Sykes, who currently serves as Executive Vice President of Merchandising for Men’s and Children’s at Ross Dress for Less, will be replacing Ms. Fleming at dd's DISCOUNTS.

Barbara Rentler, the Chief Executive Officer of Ross Stores, Inc., expressed her pleasure at the promotions, highlighting the extensive experience and leadership skills of both executives. She praised Karen Fleming's two decades of service with the company and expressed her excitement at Fleming's new role leading the merchandising efforts for Ross Dress for Less. Similarly, Rentler commended Karen Sykes' three decades of experience within the organization and expressed confidence in her ability to lead the dd's DISCOUNTS merchandising team.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 company with fiscal 2023 revenues of $20.4 billion. The company operates 1,795 Ross Dress for Less locations in 43 states, the District of Columbia, and Guam, offering in-season name brand and designer apparel, accessories, footwear, and home fashions at discounted prices. Additionally, the company operates 353 dd's DISCOUNTS stores in 22 states, offering moderately-priced assortments of apparel, accessories, footwear, and home fashions.

The changes in leadership at Ross Stores, Inc. signal a strategic move to further strengthen the company's off-price strategies and drive profitable market share gains over the near and long term. Following these announcements, the company's shares moved 0.2%, and are now trading at a price of $150.79. If you want to know more, read the company's complete 8-K report here.

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